The Financial Times Gives Cameron's Defense Of Austerity In The UK A Failing Grade

Martin Wolf reports on Cameron's defense of his fiscal policies and explains the fallacies in each of his major points.  Wolf wins the debate but Cameron is still in charge of policies that were the foundation of his election campaign.  He cannot admit that they have been a disaster.  Moreover, those who voted for him probably can't admit that they made a mistake either.  The fiscal punishment is likely to continue.